India's Swiggy extends gains after Instamart CEO appointment

Swiggy

29/07/2026 06:48

** Shares of India's Swiggy SWIG.NS rise 6.3% to 285.33 rupees, their highest level since April 2026
** The food delivery company said on Tuesday former Flipkart executive Nandita Sinha would take charge as CEO of its quick-commerce arm Instamart
** Stock set for a third consecutive session of gains, if trend holds
** Company's shares up ahead of its first-quarter results on Thursday
** SWIG, on avg, rated "buy" by 28 analysts; median PT is 360 rupees - LSEG-compiled data
** Stock down 26.1%, YTD



 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))